Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin+0.019%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1031.025% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.019%, 7d avg +0.007%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.8371 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $977K | $831K | 50x |
| Short | BingX ORDI-USDT | 4.8380 | 0.0100 | get 0.0050% / 4h | 2h 25m | — | $26.9M | — |
KuCoin ORDIUSDTM
BingX ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.019% → +0.007%
- $1.13
- Slippage, 4 orders
- −$80.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$101.4
- Costs to cover
- 1.025%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 14 min ago; BingX: live order book, 14 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 14 min ago | 7.57 bp | 60.1 bp −$60 | 1096.4 bp −$11.0K | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 1.03 bp | 6.0 bp −$6 | 6.0 bp −$60 | 32.2 bp −$3,222 | 245.0 bp −$122.5K |
ORDI on 19 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0723% | 1h | 4.8292 | −0.163% | $69K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0122% | 4h | 4.8350 | −0.043% | $1.2M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8255 | −0.239% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.832% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0072% | 4h | 4.8320 | −0.105% | $591K | $305K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.8411 | +0.083% | $698K | $667K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8400 | +0.060% | $7K | $429K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8384 | +0.027% | $9.9M | $34.4M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8300 | −0.147% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8300 | −0.147% | $5.2M | $17.9M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8330 | −0.085% | $6.4M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.8371 | long leg | $977K | $831K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8390 | +0.039% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDTshort | +0.0100% | 4h | 4.8380 | +0.019% | — | $26.9M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8187 | −0.380% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8280 | −0.188% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8280 | −0.188% | $84K | $441K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8390 | +0.038% | $2K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8382 | +0.022% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]